Winner Takes It All, Resurrection 2009

"Semiconductor industry: Zhang Rujing from SMIC, Liang Mengsong from Hong Kong Semiconductor, Shanghai Microelectronics, Dajiang Storage, Wang Dongsheng from BOE, Zhao Yanshun..."

"The three traditional giants in the telecommunications field, China Mobile, China Telecom and China Unicom, are all here, including the vice president of telecommunications equipment giant Huaban, Ren Wanzhou, the chairman of ZTE International, Mr. Hou Weigui, and the chairman of Datang Telecom..."

"Sun Hongbin, Chairman of Shenzhou Electronics, the electronic products company. Hey, why is Yu Huatian from Coarse Grain Electronics here too? Didn't they say that they don't get along with Qingyun?

Domestic heads of competitors such as Samsung, HTC, Apple, HP, Dell, and Asus also arrived.

Others such as Kuwo and Meizu Huang Yuzhang also came..."

"I heard that Runhua Chairman Lin Manhe, who is in charge of the retail consumer goods market, had just had an accident and his successor had not yet gone to Hong Kong, but he came to Shanghai to celebrate the third anniversary of Qingyun. What does that mean?
The heads of major retail consumer goods companies are all here, and even Wahahaha and Nongfushanquan, two rivals, have joined hands..."

"Oh wow, the giants of the home appliance manufacturing industry have all appeared, Ms. Dong of Gree, Mr. He of Midea, Mr. Li Dongsheng of TCL, Mr. Huang of Skyworth, Mr. Zhao of Changhong, and Mr. Zhou Houjian of Hisense Holdings..."

Almost all the media reporters waiting in front of the MinBank Qingyun headquarters in Shanghai felt that the trip was worthwhile, because just a group event attracted almost all the top figures of private enterprises to come and congratulate.

"It's really too exaggerated. In the past, when the higher-ups held economic meetings, the attendance was never so great. Someone just did a count and found that more than 17 top domestic private and state-owned enterprise leaders from 220 major industries were present.

Any company picked out of there is either one of the Fortune 500 or one of the top ten in the industry. Boss Qingyun is really prestigious!"

Just as someone was sighing, a person nearby couldn't help but rolled his eyes at him, then whispered, "What's that? My colleague who was guarding the underground garage just saw with his own eyes that three super celebrities who were going to appear in the 7 o'clock show went in."

The curious people were completely aroused and gathered around to ask, "Hey, who are those three?"

"The one from the Magic City Yamen was the last to leave. What do you think the identities of the remaining two are?"

The person who leaked the information at the beginning had a mysterious expression, which made people imagine a lot.

"Do you have any pictures?"

"You want to die? He didn't go out the main entrance, which means he didn't want to be exposed. Who is tired of living and dares to take photos and videos?"

"That's it, it's a pity."

Everyone was shocked and thought it was a pity, but since they were not allowed to take pictures, they wouldn't be published in the newspapers even if they took the pictures rashly, so why bother themselves with the trouble?

"The big guys from the Internet industry and the financial system have all arrived, everyone hurry up and grab the first-hand news."

I don't know who shouted outside, but the crowd suddenly became excited and rushed out with their cameras.

“Oh my goodness, even before the West Lake Forum and the Wuzhen Summit, there weren’t so many people there at the same time, right?
It's strange that even Li Yanhong of Qiandu Group, Zhang Chaoyang of Sohu, and Aunt Wang Ding Sanshi, three low-key bosses who usually don't show up, have come out.

The head of Sina has also come, and second-tier small factories have also come in groups.

Hey, why don't I see Brother Tengda Xiaoma? "

"Are you stupid? Tengda and Qingyun were almost strangling each other to death. It's a miracle that Tengda could come.

In my opinion, Jack Ma from the Ali Group won’t come either.”

Even when Internet colleagues entered the building, they still hadn't seen Jack Ma. Everyone's enthusiasm for gossip surged, and some gossipers churned out a series of nonsense articles in a very short period of time.

It was published quickly and conveniently using the Internet, focusing on the conflict between the two Ma brothers and Qingyun. It happened that online live streaming was on the rise at that time, and with TV stations broadcasting it live, the Qingyun event attracted a lot of attention.

It attracted countless eyes in a short time, and the Internet was extremely lively with people clicking, commenting, collecting and forwarding.

"That's true. According to rumors, there are conflicts between Qingyun and BAT. They have been fighting with Ali in the fields of logistics, express delivery, e-commerce and payment. It's understandable that Jack Ma didn't come."

Unfortunately, the words are too confident and it is easy to be slapped in the face. Jack Ma certainly did not appear in the queue of Internet circles.

However, he was spotted by sharp-eyed reporters in the financial circle. There was no way around it. His temperament was too outstanding. Even among a group of presidents of large state-owned banks, he was still so ethereal.

Jack Ma has always lived a carefree life. Even though he was blocked by Qingyun in many industries, he was not discouraged at all, because micropayment has actually pointed out the future development path for Ali.

Pinxixi's e-commerce revenue of US$410 billion surpassed Ali's overall revenue of US$35 billion. This was a great stimulus to Ali.

As for the former, which is a Fortune 6 company but ultimately recorded a net profit of no more than US$ million, economists around the world almost went crazy, as no one had ever seen such a weird company.

With a net profit of no more than 2%, are you serious about running a business, or are you here to help alleviate poverty?

Taking another look, there are over one million full-time and part-time workers, and the annual fixed asset investment alone exceeds 100 billion RMB. Everyone is jealous, thinking that this guy might be planning something big.

But after careful research and analysis, Ali figured out that it was not that Pinxixi was unable to make money, but that it simply did not publish the consolidated financial statements of its most profitable business.

The answer lies in supply chain finance and micropayment related businesses. This was also the first time that Jack Ma clearly saw the real value of payment insurance users.

Pinxixi undertakes fixed asset investments of hundreds of billions of yuan every year, which are used to develop sales channels in rural markets and cultivate online merchant users and consumer groups in townships.

There is nothing wrong with this, because Sun Tongyu was squeezed out by Ahri because he insisted on taking the downward route.

But in addition, there are hundreds of billions of dollars in salary expenses every year, and money has to be spent on updating technology, maintaining a large team of software technology engineers, and adding servers.

How can Pinxixi afford the expenses of improving core algorithms and building a big data center warehouse?

There must be some unknown secret hidden behind this.

Ali put a lot of effort into investigating and found out that it was not a big secret in the first place.

The answer lies in the supply chain payment channels and micropayment financing services for individuals and merchants.

In fact, it is very simple. In the process of cooperative sales between Pinduoxi individual merchants or large suppliers (Pinduoxi's own procurement and sales business) and Pinduoxi, a deposit and sales collection cycle are involved.

There is infinite value in the time difference and capital sedimentation business, even if it is only 15-60 days, but calculated based on Pinxixi's annual retail sales of 9500 billion yuan.

Even if the average collection time is 15 days, there are 24 periods in a year, and in each period there is a huge amount of deposited funds of nearly 400 billion RMB. In theory, this money does not belong to Pinxixi.

However, Pinxixi can make capital-guaranteed investments in the form of bottom-up guarantees through micropayments and the large banks behind it. To this end, Qingyun signed a series of agreements with the banks.

It is stipulated that the long-term fixed interest income generated by the deposited funds supervision account will be held by Pinxixi and transferred to the relevant merchant account when payment is made. This makes merchants absolutely support this policy because it is profitable.

This policy also indirectly strengthens Pinxixi's core competitiveness because it protects the interests of small and medium-sized businesses, treats everyone equally, and makes everyone feel the long-lost respect and goodwill.

After balancing the interests of all parties, Pinduoduo naturally obtained short-term control over the funds (in fact, as long as the business is still going on, the 400 billion yuan can be controlled forever, because after payment, new funds enter the sedimentation pool).

What can 400 billion do?

As the Pinxixi e-commerce sales market continues to surge, more and more small and medium-sized businesses are clamoring to move in, and existing businesses want to expand their scale. Everyone is competing for rankings and exposure opportunities.

Whether it is expanding the scale of production and sales or advertising, money is indispensable. Where does the money come from?
Large banks are subject to regulatory restrictions and find it difficult to directly provide merchants with huge financial support based on sales data and cash collection, because these entrepreneurs often do not have much background.

There are not many fixed assets (or they have been mortgaged), but the credit limit is only 100,000 or 200,000 yuan. It is very difficult to get the approval, and there are many supporting documents required, so the effort and reward are not proportional.

Banks also have no way to simplify the process. Everything must be done according to the rules. The key lies in the credit operation. In theory, the cost of investigation, evidence collection and review is similar when a bank grants a credit of 100 million or 1 million.

Without increasing the number of front-line business staff, banks will naturally have no interest in small-amount credit. People with insight also see the stimulus that online shopping brings to small and medium-sized businesses, but it is difficult to make hasty changes to internal processes.

This is not a small matter that can be changed by writing a report and getting a few people's signatures. Moreover, a major shift in the overall profit and operating model of financial institutions cannot be accomplished without several years.

Therefore, banks are forced to entrust third-party financial institutions to act on their behalf and carry out the business of breaking up the whole into parts in the form of overall guarantee. The bank takes a part of the interest income and makes a profit (in theory). The third party takes commissions and centrally takes a large amount of credit from a certain bank. Then, according to its own business model, it splits it up and issues small amounts of credit to individuals or enterprises that meet the standards.

The cooperation model between banks and micropayments is this kind of. Although 14.4% is the latest interest rate cap, it is for natural persons (online dai), and it does not say that small and medium-sized enterprises are also protected.

With a slight adjustment of 24 or 12 periods per year, you can obtain high interest income. In addition, most of the credit recipients conduct transactions on Pinxixi or with the help of Qingyun platform resources.

Qingyun knows exactly how much cash flow the other party has, whether the business project has prospects, and whether it has the ability to perform its obligations. This is even if the money borrowed is not actually invested in production and operations and is squandered.

Qingyun was not worried. At least he still had a sum of money to be repaid in the group as collateral, which could barely make up for the loss after it was recovered. Besides, it was just a matter of probability.

A very small number of people may run away early, but the vast majority of people will only strive for a better future. This is logically true. For a business that can operate normally, who would think of running away for no reason?
As long as there is a glimmer of hope, even if you are mired in debt, the first thought is to continue operating, and you have to grit your teeth and continue, otherwise bankruptcy will be a dead end.

As long as the overall environment does not change suddenly, the cooperation model between Pinxixi, Weipay and banks can continue forever.

How could Jack Ma let go of such an ultra-stable business model with an annual return of 15-25%? He kept chasing several bank presidents to lobby for his plan.

Everyone was very interested.

However, some people have raised questions, "Ali's total retail sales are 1.05 trillion, Pinduoduo's are only 9500 billion, but your revenue is only 35 billion US dollars, while Pinduoduo's can reach 410 billion US dollars.

The gap here is not a small one. Moreover, the number of micropayment users has exceeded 100 million, with three transactions occurring each month and a total amount of more than 4300 yuan, and the number of active users reaching million.

Read the error-free version at 69shuba! 6=9+shu_ba is the first to publish this novel.

(Non-merchant online transaction data does not include offline transactions attracted by cashback red envelopes.)
However, Payment Insurance has never disclosed relevant data, which makes it difficult for banks to make an objective evaluation. If Payment Insurance cannot reach the same level, then there is no basis for equal cooperation. "

Faced with doubts, Jack Ma opened his mouth and answered, "Data is something like that. How can you calm down the situation without diluting or exaggerating?"
As he spoke in a decisive tone, the company made some concessions and allowed banks to send people to verify the situation. Everyone's interest was aroused. With the example of micropayment, adding another partner would not be a problem.

There is money to be made, everyone is happy, and there is a lot of joy in the air.

Until a short-sighted media reporter came up and asked Jack Ma what he thought about being caught up and surpassed by Pinxixi in the e-commerce field.

The atmosphere at the scene seemed to freeze for a moment.

Everyone stared at Jack Ma, as if expecting to hear an explosive response from him.

"These journalists who have nothing to do and have enough food to eat are just adding to the trouble on such a happy occasion."

Li Zehua, who was about to go forward to greet him, couldn't help but frown. Although he and Jack Ma didn't get along, he wouldn't open up the scars in front of him, especially since today was Qingyun's wedding day.

No matter how Jack Ma answers, it will inevitably be a bit tense.

Little did people know that Jack Ma had seen all kinds of storms. He smiled confidently, attracted everyone's attention, and said calmly: "I am very happy to see the e-commerce field flourish.

As the saying goes, a single flower does not make a spring. As early as two years ago, I had asserted that the scale of e-commerce retail will become the most important part of the social economy in the future...

Nowadays, e-commerce giants such as Taobao and Pinxixi are putting this concept into practice with practical actions...

I sincerely hope that in the near future, in five or eight years, I can witness with you that the total scale of e-commerce retail exceeds 10 trillion...

Let us participate in witnessing the new history together, let us work together for the prosperity and progress of our motherland...

Let us work together for this great era to come!"

"it is good!"

For a moment, there was constant applause and cheers all around, and Jack Ma explained everything in just a few words.

What you mean by keeping pace with the competition is something I had foreseen a few years ago. To this day, Taotao still maintains its lead. Moreover, as we all know, the state’s subsidies for home appliances going to the countryside are about to come to an end.

Whether Pinxixi can continue to maintain its high growth model in 2012 remains to be seen.

But as Taotao catches the favorable wind of the financial system, its future is sure to be bright. It is still unknown who will be strong and who will have the last laugh in the end.

Even Li Zehua had to admire his ability to respond on the spot and his extraordinary personal charm. He immediately stepped forward, stretched out his hand, and shook hands with him tightly.

After the pleasantries, he shook hands with the other bank presidents present one by one and expressed his gratitude. No one took it seriously, as Jack Ma, after all, represented the entire private enterprise for quite a long time.

In addition, given Qingyun's current status, there is no problem at all for the two of them to shake hands and take photos first.

With the arrival of tycoons from the financial and Internet industries, the atmosphere gradually reached its peak. Looking around, billionaires could only talk in low voices in the corner.

In the middle of the hall, either the billionaires or the chairmen of leading companies in major industries were talking.

"It's such a happy scene, but unfortunately, outside, everyone is fighting ruthlessly, and countless internal resources have failed on the road to success before they even go abroad."

Mr. Yu stood behind Li Zehua at some point. After listening, he smiled and said, "Only the insects that survived the fierce internal struggle are qualified to compete for the world's top spot.

Flowers grown in a greenhouse may be beautiful, but they cannot adapt to the natural selection rules of nature. We are responsible for rushing out, and you are responsible for providing support. We each take what we need and cooperate with each other. "

Then he asked, "Those two?"

“We are waiting for the results of your negotiations on the domestic supply chain of the industrial fund. If there are any problems, they will intervene appropriately, but you will still be the primary person.

One thing to remember is that you must do it sincerely. No matter how difficult the future may be, once you embark on this path, you can never turn back. "

President Yu just stared at him intently. Everyone knew that the current good environment was only temporarily good. Without equal strength, once others found out that they could not reap the benefits by force, suppression would be inevitable.

"I don't think I can do such a ridiculous thing as surrendering before the battle and abandoning our rescue troops in the wild. Moreover, Qingyun has almost gambled everything for this plan.

I am not worried that you will abandon me one day. Some things must be done, and someone must do them. This glorious era is never obtained by praying, and it requires someone to work hard and down-to-earth to strive for it. "

Li Zehua smiled, but his eyes revealed an unprecedented solemnity, "Hans' defeat is inevitable. The combined strength of Ou Meng is not enough to resist. In the final analysis, there are too many internal constraints.
Our strength lies in...

As a whole, no one can defeat us easily...

But Mr. Yu, could you please tell the higher-ups that Qingyun is planning to start a new business and operate an energy and food system from Central Asia to Eastern Europe?

It can be considered as a rainy day preparation. Although the big cats will definitely not let go easily at the beginning, the squids are destined not to give them too much living space, and they will definitely find ways to chase and intercept them in the future...

That vast area is sparsely populated and it would be a shame not to make use of it. Moreover, Squid was hit hard by the economic crisis and most of its strength was used to deal with Hans's industry.

The restrictions on Big Cat Capital have been relaxed accordingly. Now, 10 to 20 billion US dollars flow out of Big Cat every year. Even if a small part is intercepted, it can ease the financial pressure needed for the development of the group..."

"You want to train future guides, right?"

Boss Yu had a very experienced eye and saw through his plan at a glance. “It’s true that if you want to take something, you must give it first, but none of those people in Big Cat are easy to get along with.

It is common for them to sign contracts and then turn against each other. It cannot be said that they have no credibility at all. At least nine out of ten sentences they say are unacceptable. If you cooperate with them, you must be fully prepared. "

"It doesn't matter. The squids will help cure the big cats' bad habit of betrayal. What kind of sparks will be created by combining the big cats' cheap energy with the industry of the University of Tokyo?"

Li Zehua just laughed, and he was so happy, "The squid is too greedy and asks too much, it is doomed to have a bad ending.

Dai Ying, Hans, Jiaobenji, Big Cat, Dongda, these endless rivals will one day completely change the underlying operating logic of the world economy.

The squid's eyes are now almost entirely on Hans. It dreams of Hans Cat joining the group, but it ignores the fact that on the other side of the earth, a new superpower with almost no shortcomings is quietly rising..." (End of this chapter)